Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 6 Months Ended
Feb. 28, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company is a global manufacturer of a broad range of industrial products and systems and is organized in three reportable segments: Industrial, Energy and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and energy markets. The Engineered Solutions segment provides highly engineered position and motion control systems to OEMs in various vehicle markets, as well as a variety of other products to the industrial and agricultural markets. The following tables summarize financial information by reportable segment and product line (in thousands):
 
Three Months Ended February 28,
 
Six Months Ended February 28,
 
2015
 
2014
 
2015
 
2014
Net Sales by Segment:
 
 
 
 
 
 
 
Industrial
$
96,489

 
$
93,571

 
$
198,902

 
$
192,212

Energy
100,211

 
106,031

 
211,733

 
213,956

Engineered Solutions
104,305

 
128,168

 
218,135

 
261,158

 
$
301,005

 
$
327,770

 
$
628,770

 
$
667,326

Net Sales by Reportable Product Line:
 
 
 
 
 
 
 
Industrial
$
96,489

 
$
93,571

 
$
198,902

 
$
192,212

Energy
100,211

 
106,031

 
211,733

 
213,956

Vehicle Systems
51,981

 
67,278

 
110,449

 
138,927

Other
52,324

 
60,890

 
107,686

 
122,231

 
$
301,005

 
$
327,770

 
$
628,770

 
$
667,326

Operating Profit (Loss):
 
 
 
 
 
 
 
Industrial
$
23,517

 
$
26,477

 
$
50,221

 
$
53,374

Energy
(75,673
)
 
9,504

 
(63,231
)
 
18,427

Engineered Solutions
2,010

 
9,548

 
8,288

 
22,737

General Corporate
(6,301
)
 
(6,548
)
 
(13,507
)
 
(11,910
)
 
$
(56,447
)
 
$
38,981

 
$
(18,229
)
 
$
82,628

 
February 28, 2015
 
August 31, 2014
Assets:
 
 
 
Industrial
$
286,529

 
$
307,058

Energy
618,346

 
788,915

Engineered Solutions
625,052

 
643,323

General Corporate
106,892

 
117,583

 
$
1,636,819

 
$
1,856,879


In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is also impacted by acquisition/divestiture activities and the second quarter 2015 (Energy segment) impairment charge. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.